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A Company Purchased a Special Purpose Machine on September 15

Question 239

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A company purchased a special purpose machine on September 15 of the past year,and it was installed and ready to run on January 1 of this year.The following costs were incurred in the purchase and installation of the machine.Determine the total cost of the machine.
 Invoice price plus sales tax $1,270,500 Freight costs 9,000 Setup costs 51,000 Costs to adjust machine to appropriate specifications 36,000 Electrical connections 32,000 Maintenance supplies for future use 108,000 Traffic fine incurred during transport of machine 300 Cost of special foundation for machine 18,500\begin{array} { l l } \text { Invoice price plus sales tax } & \$ 1,270,500 \\\text { Freight costs } & 9,000 \\\text { Setup costs } & 51,000 \\\text { Costs to adjust machine to appropriate specifications } & 36,000 \\\text { Electrical connections } & 32,000 \\\text { Maintenance supplies for future use } & 108,000 \\\text { Traffic fine incurred during transport of machine } & 300 \\\text { Cost of special foundation for machine } & 18,500\end{array}

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